The IRS's free e-filing platform, Direct File, is only available in 12 states andother free online optionshave income and deduction limitations. Fortunately, there isgreat tax-prep softwarethat addresses a vari
The IRS Steals Money from Businessmen for Making Deposits That Are Too SmallIn case you had forgotten that the Internal Revenue Service is adespotic and evil entity that...Carney, Timothy P
Although you generally can only sign up for a Flex account during "open enrollment" in the fall, most companies allow you to make mid-year changes in response to certain "life events," including the birth of a child. Adoption credit There's also a tax credit to help offset the cost of...
you may be able to deduct what the IRS refers to as “reasonable moving expenses” (more on that in a bit). To qualify, there are three conditions or “tests” that you must satisfy:
The IRS regulates the operation of 403(b) plans, which must conform to certain contribution and participation rules in order to maintain tax-deferred status. 403(b) characteristics Generally speaking, only your employer can make contributions to your 403(b) account. As with a 401(k) plan, ...
If you sometimes stay in your rental property, the tax implications depend on how much time you spend there. Here’s how the IRS categorizes three types of property. Primarily for personal use.If you rent out a property for less than 14 days of the year, you don’t have to report tho...
There is never an end to learning. The dye extracted from the indigo is bluer than the plant; so is the ice colder than the water. By broadly learning and constantly examining himself every day, the gentleman sharpens his awareness and makes fewer mistakes .学而不思则罔,思而不学则殆。
Most regulated exchanges carry crime insurance that covers investors' holdings if their internal systems are hacked, but if a theft occurs because a user's exchange account or personal wallet was hacked, there is often no recourse. Digital currency investors thus take on a certain amount ofrisk ...
There is an additional 3.8% net investment income tax (NIIT) on investment gains or income. To determine this tax, the IRS uses the lowest figure ofnet investment income (NII)or the excess of themodified adjusted gross income (MAGI)that exceeds $200,000 for single filers, $250,000 for ...
Learn what an electronic funds transfer (EFT) is, along with types of EFT payments and how you can use EFT for your small business.